Further Advance
Our Pivot: 155.50
Our Preference: Start buying PSO between 160-161 and average it out till 159 with strict stop loss of 155.50 and profit target at 166.70 with extension towards 170.
Alternate Scenario: Downward penetration of 155.50 will call for 152 & 149.
NOTE: PSO is moving upward after completing its daily correction and now initial target would be 167.
Daily Chart with supports & resistances:
PSO 22
Level | 1st | 2nd | 3rd | Supports | 156.64 | 151.07 | 146.89 | Resistances | 166.39 | 170.57 | 176.14 |
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